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Alnwick Street, Newcastle upon Tyne NE15 2 bed end of terrace house for sale
Alnwick Street, Newcastle upon Tyne NE15
£127,000
Alnwick Street, Newcastle upon Tyne NE15
£127,000
Our Summary
- Please see the Let Property Pack linked below for greater details on this property's investment potential
- INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)
- Investment potential detailed below (Let Property Pack)
Description
This 2-bedroom end of terrace house in Newcastle Upon Tyne is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features 2 bedrooms, a lounge, a bathroom, and a kitchen. Currently, it produces an annual gross income of £6,840, which could be increased to a market rate of £12,000 with long-term tenants already situated. The tenants, who have been in the property for several years, have consistently paid their rent and do not intend to move out. With a purchase price that will generate a worthwhile return, this property is an attractive addition to any investor's portfolio.